Which of the following statements is CORRECT?
a. All corporations other than non-profit corporations are subject to corporate income taxes, which are 15% for the lowest amounts of income and 35% for the highest amounts of income.
b. The income of certain small corporations that qualify under the Tax Code is completely exempt from corporate income taxes. Thus, the federal government receives no tax revenue from these businesses.
c. All businesses, regardless of their legal form of organization, are taxed under the Business Tax Provisions of the Internal Revenue Code.
d. Small businesses that qualify under the Tax Code can elect not to pay corporate taxes, but then their owners must report their pro rata shares of the firm's income as personal income and pay taxes on that income.
e. Congress recently changed the tax laws to make dividend income received by individuals exempt from income taxes. Prior to the enactment of that law, corporate income was subject to double taxation, where the firm was first taxed on the income and stockholders were taxed again on the income when it was paid to them as dividends.
d
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The Automotive Department of K-Seers Corp shows net sales of $1,320,500 for tires and $759,800 for other goods. It has been determined that the tires cost $834,000 and the other goods cost $372,100 . What is the gross profit for the Automotive Department?
a. $2,080,300; b. $874,200; c. $387,700; d. $1,206,100; e. $486,500
When a firm adopts a just-in-time operating environment,
A) new, more efficient machinery and equipment must be purchased and installed in the original layout. B) machinery and equipment are moved into small autonomous production lines called manufacturing cells. C) new machinery and equipment must be purchased from franchised JIT dealers. D) employees are retrained on different equipment but the plant layout generally stays unchanged.
Which of the following statements is true of unstructured questions?
A. They are often skipped by the respondents unless the questions are interesting. B. They are ambiguous questions that contain at least two negatives. C. They include two or more different attributes or issues but allow the respondents to comment on only a single issue. D. They are questions with a predetermined list of responses available to aid or limit the respondent's answers. E. They are loaded questions that suggest a socially desirable answer or involve an emotionally charged issue.
Answer the following statement(s) true (T) or false (F)
1. Employers cannot refuse to be interviewed during an OSHA investigation. 2. Employees cannot ask to be interviewed in private during an OSHA investigation. 3. Employees can freely discontinue the interview at any time during an OSHA investigation. 4. Employees are free from retaliation, during and after, an OSHA investigation. 5. An employer representative has a right to be present when the OSHA inspector is interviewing employees unless the interview is private by request of the employee being interviewed.